Xunlei (NASDAQ:XNET) Stock Price Passes Above 50 Day Moving Average - Here's Why

Key Points

• Xunlei Limited shares have recently surpassed their 50-day moving average, trading at $7.31, which is above the average of $5.90.
• Wall Street analysts upgraded Xunlei's rating from "hold" to "buy" on August 16th.
• The company reported $103.54 million in revenue for the last quarter with an impressive net margin of 202.62% and a price-to-earnings ratio of 0.64.

Xunlei Limited (NASDAQ:XNET - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $5.90 and traded as high as $7.62. Xunlei shares last traded at $7.31, with a volume of 872,772 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Xunlei from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th.

Xunlei Trading Down 0.4%

The firm has a market cap of $508.61 million, a PE ratio of 0.71 and a beta of 0.97. The business has a 50-day moving average price of $6.04 and a two-hundred day moving average price of $5.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.10 and a quick ratio of 2.10.

Xunlei (NASDAQ:XNET - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The software maker reported $0.12 EPS for the quarter. The company had revenue of $103.54 million during the quarter. Xunlei had a return on equity of 4.50% and a net margin of 202.62%. Xunlei has set its Q3 2025 guidance at EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Walleye Capital LLC purchased a new stake in shares of Xunlei during the second quarter valued at $51,000. QRG Capital Management Inc. purchased a new stake in shares of Xunlei during the second quarter valued at $56,000. NewEdge Advisors LLC lifted its holdings in shares of Xunlei by 9,106.5% during the first quarter. NewEdge Advisors LLC now owns 18,413 shares of the software maker's stock valued at $83,000 after purchasing an additional 18,213 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Xunlei during the first quarter valued at $98,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Xunlei by 21.2% during the first quarter. Russell Investments Group Ltd. now owns 29,636 shares of the software maker's stock valued at $132,000 after purchasing an additional 5,190 shares during the last quarter. Institutional investors and hedge funds own 5.07% of the company's stock.

Xunlei Company Profile

Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through Green Channel and Fast Bird products.